208 Silvercreek Parkway Unit 210, Guelph

Price: $385,000

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13579018

Are you looking to downsize, or to reduce the responsibilities of detached home ownership, while still maintaining your entertaining and hosting skills? Lutheridge is a small 34-unit building consisting of active, friendly seniors looking for a new neighbour. Welcome home to this large, beautiful, two bedroom unit that has over 1,300 square feet of finished living space for you to enjoy. The primary bedroom features a large walk-in closet, and a private 3-piece washroom. In addition to the bedroom closets you have added storage space in the foyer closet, as well as the utility room, which features your own in-suite laundry. The kitchen also has a dishwasher and an eat-in space perfect for a bistro-style dining set. This unit also has a formal dining room, and spacious living room which makes this a wonderful unit for entertaining family and guests. When you require additional space for large gatherings you can use the common room, and for overnight or out of town guests, for a small fee you can rent the guest suite. You also have 24/7 access to the gym, library, and a fully stocked workshop for all your mending and tinkering needs. LSRC's intent is to provide quality, reasonably priced senior lifestyle living for those living in Guelph. It's aim is to foster an atmosphere of positivity, and community for the benefit of all its residents. Lutheridge is a non-smoking building. This property is a Life Lease building, and requires cash only offers as no mortgage can be registered against a life lease, however no land transfer tax, or legal fees are paid on closing. The monthly fee includes property taxes and municipal water.

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$385,000 - 208 Silvercreek Parkway Unit 210, Guelph

Condo for Sale in Guelph

37 days on market

Neighbourhood: Junction/Onward Willow

2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13579018
Property Type
Condo
Status
active
Days on Site
37
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Guelph
Locker
None
Exposure
South East
Balcony
Juliette
Listing Brokerage
LifeStyle International Realty Inc
Description

Are you looking to downsize, or to reduce the responsibilities of detached home ownership, while still maintaining your entertaining and hosting skills? Lutheridge is a small 34-unit building consisting of active, friendly seniors looking for a new neighbour. Welcome home to this large, beautiful, two bedroom unit that has over 1,300 square feet of finished living space for you to enjoy. The primary bedroom features a large walk-in closet, and a private 3-piece washroom. In addition to the bedroom closets you have added storage space in the foyer closet, as well as the utility room, which features your own in-suite laundry. The kitchen also has a dishwasher and an eat-in space perfect for a bistro-style dining set. This unit also has a formal dining room, and spacious living room which makes this a wonderful unit for entertaining family and guests. When you require additional space for large gatherings you can use the common room, and for overnight or out of town guests, for a small fee you can rent the guest suite. You also have 24/7 access to the gym, library, and a fully stocked workshop for all your mending and tinkering needs. LSRC's intent is to provide quality, reasonably priced senior lifestyle living for those living in Guelph. It's aim is to foster an atmosphere of positivity, and community for the benefit of all its residents. Lutheridge is a non-smoking building. This property is a Life Lease building, and requires cash only offers as no mortgage can be registered against a life lease, however no land transfer tax, or legal fees are paid on closing. The monthly fee includes property taxes and municipal water.

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Estimate your monthly payments for this property

Estimated Payment

$1,975.25/mo

Includes CMHC insurance ($10,742)

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5-yr fixed avg.

Principal: $346,500Interest: $235,333
Mortgage Amount$357,242
Total Interest$235,333
Est. Property Tax$273/mo
Total Cost$592,575

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Junction/Onward Willow

Discover Junction/Onward Willow

Junction/Onward Willow is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Junction/Onward Willow

  • Convenient location in Guelph
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Junction/Onward Willow offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

208 Silvercreek Parkway Unit 210, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$273
Insurance (est.)-$80
Net Cash Flow+$1,387

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $321/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

About Junction/Onward Willow

I know Junction/Onward Willow well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    208 Silvercreek Parkway Unit 210, Guelph | $385,000 | Battaglia Team